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What do individuals need to know if they have drug coverage from TRICARE, the Department of Veteran’s Affairs (VA), or the Federal Employee Health Benefits Program (FEHB)?

April 26, 2017affairs coverage Department drug employee Federal health benefits individuals Tricare VA veteran

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What do individuals need to know if they have drug coverage from TRICARE, the Department of Veteran’s Affairs (VA), or the Federal Employee Health Benefits Program (FEHB)?

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As long as individuals still qualify, their TRICARE, VA, or FEHB prescription drug coverage is not changing. They should contact their benefits administrator or FEHB insurer for information about TRICARE, VA, or FEHB coverage before making any changes. If they lose TRICARE, VA, or FEHB coverage and join a Medicare drug plan after May 15, 2006, in most cases, they won’t have to pay a penalty, as long as they join within 63 days of losing TRICARE, VA, or FEHB coverage.